Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

Who’s who: Myanmar’s new cabinet

Take a look inside the National League for Democracy’s new proposed government with insider profiles of the party’s 18 candidates for ministerial posts: Daw Aung San Suu Kyi (foreign affairs; president’s office; education; energy and electric power) The National League for Democracy leader needs little introduction. Has vowed to rule “above the president”, and with […]

The Facebook election? Not quite yet

New tech is transforming Myanmar – but can it also impact on the November 8 election? While some of the country’s election candidates have made Facebook their podium, the still-low number of Myanmar people on the social media platform – estimated at barely 10 percent of the population – means politicians can only make so […]

Air Bagan Temporarily Ceases Operations

Local carrier Air Bagan has temporarily suspended its operations in order to perform maintenance on its fleet of three airplanes. Air Bagan, which was established in 2004, has difficulties in buy or lease more aircraft due to US economic sanctions, or acquire necessary spare parts for its two ATR42-320s and one ATR72-500 aircraft, resulting in […]

Safeguard law to curb unfair imports planned

The Ministry of Commerce is preparing a law aimed at closing the widening trade deficit. The “Safeguard Law” will allow for countermeasures against unfair practices, such as instituting an anti-dumping taxes on those selling below cost to corner the market, and countervailing duties, which aim to neutralise foreign subsidies. Pyithu Hluttaw representative U Win Myint, […]

Another wait for mine bill

Approval of the Mining Amendment Bill has been delayed again as hluttaw members dispute whether or not some of its provisions are constitutional. The main focus of the current disagreement is whether to grant licences to mining companies for 15 years or 25 years. The bill is an attempt to update legislation that many see […]

Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015

Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]

Myanmar’s parliament Speaker to visit Vietnam

Speaker of the Assembly of the Union of Myanmar Thura U Shwe Mann will pay an official visit to Vietnam starting Friday, the National Assembly’s External Relations announced Wednesday. The five-day visit, from September 5-9, will be made at an invitation of Vietnamese National Assembly Chairman Nguyen Sinh Hung, who visited Myanmar in July 2013 […]

Electricity price hike set for April 1

In an effort to reduce state spending, the Pyidaungsu Hluttaw last week voted to move forward with a plan to increase the price of electricity as of April 1 for households by as much as 42.8 percent for units used over a certain threshold, parliament announced last week. Though households will still pay K35 per […]